News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - Rule 86A is not a machinery provision for recovery of tax - Order can be passed only if ITC is available in the taxpayer's ECL - No negative blocking: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - Goods were purchased from SAIL by a third party who sold to petitioner and who subsequently re-sold to consignee - No justification for detention on ground that correct documents were not travelling with truck: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - Existence or otherwise of principal place of business - A taxpayer's registration cannot be cancelled solely on the basis of some general queries/enquiries from random persons, of which there is no record: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
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Mumbai, June 04, 2016
CX - Malt Extract, which arises during manufacture of IMFL, is WORT, which is not marketable commodity, hence no duty can be demanded on same: CESTAT
 
Mumbai, June 04, 2016
Cus - Penalty is consequential to demand of duty & confiscation of goods - as proceeding was made against main party, wherein demand & confiscation was dropped, present appellant, co-noticee, is also not liable for penalty: CESTAT
 
New Delhi, June 03, 2016
CX - Denial of HSD Oil credit - Sec 112 of Finance Act, 2000is clarificatory & does not have effect of taking away vested rights - Petition dismissed: High Court
 
Mumbai, June 03, 2016
Cus - Merely because main noticee has settled its case before Settlement Commission, it cannot be said that proceedings against co-noticees cannot continue: CESTAT
 
Chandigarh, June 03, 2016
Cost imposed by CESTAT - No reason to interfere - Revenue appeal dismissed: High Court
 
Chennai, June 03, 2016
CX - goods received from job worker on payment of duty are tested, packed and exported - credit cannot be denied to exporter on ground that there is no manufacture : HC
 
Bangalore, June 03, 2016
I-T - Whether as soon as exports are made, exports incentives are to be accounted for and offered to tax on mercantile basis - YES: ITAT
 
Mumbai, June 03, 2016
ST - In absence of saving clause, new S. 78 shall apply and accordingly penalty of 50% is imposable: CESTAT
 
Chennai, June 02, 2016
CENVAT Credit of Service Tax paid on transportation of goods to sister unit - Credit is admissible at sender's end: CESTAT
 
New Delhi, June 02, 2016
Drawback - Once appeal is allowed, department was not justified in keeping Petitioner's bank account frozen - Order for de-freezing issued: HC
 
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